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Fenix Resources Ltd (ASX:FEX)

ALERT: Price-sensitive ASX Announcement for FEX
Current share price for FEX : $0.210 -0.055 (-20.75%)+
Announcement
Release
26 Aug 2026 9:47AM
Price at Release
$0.265
Full Release
download
Summary
Fenix Resources Ltd reported record production and financial performance in FY26. The company shipped 4.4 million tonnes of iron ore, an increase of 83% from FY25, generating a revenue of $590 million, EBITDA of $81 million, and NPAT of $12 million. Fenix secured a 30-year Right to Mine Agreement for the 290Mt Weld Range Iron Ore Project, commissioned the Beebyn-W11 mine, and established the Beebyn-Hub as a long-term production center. The company maintained a strong safety record with significant improvements across operations. Fenix declared a fully franked final dividend of 1 cent per share. For FY27, Fenix targets iron ore sales of 4.7Mt to 5.3Mt with a C1 cash cost of $70 to $80 per tonne, in line with their 3-Year Production Plan.
Key Points
  • Record production of 4.4 million tonnes of iron ore, up 83% from FY25.
  • Revenue reached $590 million, up 87% from FY25.
  • EBITDA of $81 million and NPAT of $12 million.
  • 290Mt Weld Range Iron Ore Project secured with a 30-year Right to Mine Agreement.
  • Beebyn-W11 mine commissioned and Beebyn-Hub established.
  • Final fully franked dividend of 1 cent per share declared.
  • FY27 guidance targets iron ore sales of 4.7Mt to 5.3Mt.
  • Maintained strong safety record with improvements in TRIFR.
  • Operating cash flow increased to $96 million.
  • Cash at bank at the end of FY26 was $81 million.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.